crosslands ponders ceasing dso sales

Crosslands ponders ceasing DSO sales

Tania Winter
Thursday, 29 September 2011

MID West iron ore miner Crosslands Resources will make a decision later this year on whether it will continue mining the higher grade direct shipping ore from its Jack Hills mine while it awaits a financing decision from its joint owners on the Oakajee rail and port infrastructure.

Speaking this morning at Tonkin Corporation’s Mid West mining conference in Perth, Crosslands chief executive Andrew Caruso told MiningNews.net the company would need to make a decision by the fourth quarter whether to continue selling DSO iron ore or cease in 2012, pending the $A3.7 billion Jacks Hills expansion project.

“There are a lot of factors we are looking at and we are taking a holistic review and looking at how that relates to current cash flow and what it means to the expansion project,” he said.

“We are looking at it from a cost point of view, strategically and what it means to our customers and workforce